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4. Mount Vernon Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for

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4. Mount Vernon Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for 120,000 miles. Mount Vernon uses the unitsof-production depreciation method and in year one it expects to use the truck for 23,000 miles. Calculate the annual depreciation expense

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